Are there any charges for late rent payments?
We do not add an automatic flat administration penalty simply because a rent payment is late. However, the amount owed must still be paid & lawful interest may apply where your tenancy agreement allows it.
For apartments in England
Under the Tenant Fees Act rules, a late-rent default charge can only be interest on rent that has been overdue for at least 14 days. The annual rate cannot exceed three percentage points above the Bank of England base rate. It must also be provided for in the tenancy agreement.
For Docklands Living in Dublin
The English Tenant Fees Act calculation does not apply. Any charges must comply with Irish law & the terms of the tenancy. We will explain any lawful amount rather than adding an unexplained fee.
If you expect a delay, contact us before the due date. We would rather discuss a practical solution than let a small missed payment become an ongoing problem.
See GOV.UK’s permitted late-payment rules for English tenancies.